Federal Bank launches portal for Non-Residents

The introduction of a doorstep courier service at select locations further simplifies the account opening process by collecting completed forms and duly attested KYC documents

PRAVASISAMWAD.COM

The Federal Bank’s launch of an exclusive portal for Non-Resident Indians (NRIs) is a significant step towards providing convenient banking services for the NRI community. The portal allows NRIs to open savings accounts from any location globally, eliminating the need to visit a physical branch. The introduction of a doorstep courier service at select locations further simplifies the account opening process by collecting completed forms and duly attested KYC documents.

The launch event, held in Dubai, saw the opening of the first account by Sindhu Biju, Program Director of Radio Asia 947 FM and a prominent journalist in the UAE. The presence of key figures from Federal Bank, including Joy PV (Senior Vice President and Country Head- Deposits, Wealth & Banca), Aravind Karthikeyan (Chief Representative Officer- GCC), and Sherin K Kuriakose (Chief Representative Officer- Dubai), highlighted the significance of the occasion.

Overall, the launch of the NR Online Portal reinforces Federal Bank’s commitment to catering to the unique financial needs of NRI customers and aims to provide a seamless onboarding experience for the NRI diaspora across the globe.

Shalini Warrier, Executive Director of Federal Bank, emphasized the bank’s commitment to delivering a seamless and frictionless account opening experience while ensuring regulatory compliance. The NR Online Portal reflects the bank’s dedication to a digital-first approach, with a focus on providing exceptional banking services to the Indian diaspora worldwide.

Overall, the launch of the NR Online Portal reinforces Federal Bank’s commitment to catering to the unique financial needs of NRI customers and aims to provide a seamless onboarding experience for the NRI diaspora across the globe.

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